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Interval International

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About Interval International

Your vacation time is worth something to Interval Leisure Group. The timeshare exchange broker offers services to some 2 million member-property owners. Its primary Interval Network is an exchange program that lets owners trade their timeshare intervals for accommodations at more than 2,600 resorts in approximately 75 countries. In addition, the company – more... provides exchange services to owners at timeshare properties managed by vacation services subsidiary Trading Places International (TPI), while its Preferred Residences is a luxury branded membership program with Preferred Hotel Group. The company also provides resort management services.

The company operates through two business segments: Membership & Exchange, and Management & Rental. Membership & Exchange accounts for the bulk of the company's revenues (some 85%), and includes business from the Interval Network, as well as from Preferred Residences and the exchange-related portion of TPI. Remaining revenues come from the Management & Rental segment, which provides hotel and resort management and vacation rental services to some 45 properties, and provides additional, more limited management services to other locations. Management & Rental includes its Aston Hotels & Resorts and Maui Condo and Home businesses, and TPI's management and rental related services.

In 2012 Interval Leisure Group expanded with the acquisition of Vacation Resorts International. The deal gave Interval Leisure Group more than 140 additional resort and club locations in North America that serve approximately 250,000 families. Interval Leisure Group made the purchase as part of its strategy to acquire asset-light, fee-for-service businesses in order to further its position as a leading shared ownership management and membership company.

The Vacation Resports International deal followed a successful fiscal year. Interval Leisure Group in 2010 showed signs of a recovery after challenging global economic conditions caused a decline in consumer spending on travel and leisure activities. That year it posted slight bumps in revenues and net income. In particular, Interval benefitted from increased business at its Management & Rental segment, spurred by its 2010 acquisition of TPI. The purchase of TPI, which provides onsite property management at resorts located throughout the mainland US, Hawaii, and Mexico, added 20 resorts to Interval Leisure Group's management portfolio. In addition, the company reported a decrease in interest expense as well as lower net losses on foreign currency exchange.

The firm was founded in 1976 and was acquired by IAC/InterActiveCorp (IAC) in 2002. IAC in 2008 divided into five companies in order to streamline operations, with Interval becoming one of the five. Today Liberty Media Corporation owns nearly 30% of Interval Leisure Group. (Liberty Media is a media-related holding company. Liberty Interactive Group, one of three tracking stocks that comprise Liberty Media, owns a stake in IAC.) – less

Interval International Employer Reviews

rep (Current Employee), miamiSeptember 19, 2014
Training and Development Specialist (Current Employee), Miami, FLAugust 15, 2014
CUSTOMER SERVICE (Former Employee), Miami, FLAugust 5, 2014
Customer Service Agent (Former Employee), Miami, FLJuly 22, 2014
Reservation Agent (Former Employee), Miami, FLJuly 14, 2014

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